Accounting Software Glossary

Accounting Software from Lakeview

The accounting software glossary is a glossary of words and phrases related to accounting software and is provided entirely as-is and without warranty. Please feel free to make use of the definitions of accounting software terms contained herein, provided you quote your source or, if used online, provide a link back to the accounting software glossary.


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Definition of Receipt

A written acknowledgment to confirm a payment of a sum of money, or a shipment of merchandise has been received. Receipts are generally required by law for business expenses in order to prove that money was spent legitimately.


Other accounting software terms beginning with R

Raw Materials
Manufacturers purchase raw materials in order to p...

Real accounts
Real accounts are the accounts, including asset ac...

Realisation principle
Realisation principle states that revenue should o...

Rebate
A rebate is a reduction to fees or a refund of par...

Receipt
A written acknowledgment to confirm a payment of a...

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